FTX creditors with less than $50000 need to authorize service providers to receive and pay distribution funds on their behalf

Odaily Planet Daily News: Sunil, the representative of FTX creditors, stated in an article on the X platform that FTX has sent emails to creditors under $50000 to notify them of the distribution of funds. It will cooperate with the distribution service provider as a creditor claim, and the creditor waives the right to directly obtain distribution from FTX. The creditor demands that the distribution service provider pay its distribution amount, and FTX has already deposited the initial distribution funds into two distribution service providers - Bitgo and Kraken. At the same time, it stated that some creditors have disputes over their debt status displayed on the FTX debt portal, and creditors with less than $50000 still have approximately $345 million in debt that has not completed KYC certification.